Ames National Q3 profit jumps as wider interest margin lifts income

Ames National

16/10/2026 21:20

Overview
U.S. regional bank's Q3 net income and EPS rose yr/yr, driven by higher net interest income
Net interest margin improved to 3.38% from 2.83% a year ago
Noninterest income increased, mainly from wealth management fees and storm-related insurance proceeds

Outlook
Company did not provide specific financial guidance for future quarters or the full year in its press release

Result Drivers
HIGHER INVESTMENT YIELDS - Co said improved yields and higher average balances on investment securities contributed to increased net interest income
DECLINING COST OF FUNDS - Lower market rates reduced deposit costs, while lower borrowings reduced funding expenses
WEALTH MANAGEMENT FEES - Co said increase in wealth management income was driven by estate and trust fees from concluded estates and growth in assets under management

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
 
$0.80
 
Q3 Net Income
 
$7.05 mln
 
Q3 Net Interest Income
 
$17 mln
 
Q3 Net Interest Margin (%)
 
3.38%
 

Analyst Coverage
The one available analyst rating on the shares is "hold"
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for Ames National Corp is $33.00, about 2.6% above its October 15 closing price of $32.15
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Reuters Recommended Reads
Oct 14 - US banks post solid third-quarter loan growth, but face more competition for deposits
Oct 16 - M&T Bank Q3 adjusted EPS beats estimates on loan growth
Oct 16 - Regions Financial Q3 profit beats estimates on higher interest income

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

Press Release https://www.sec.gov/Archives/edgar/data/1132651/000143774926032805/ex_1008479.htm
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)